2013-01-15 — mybudget360.com
Reading through some of the recent Fed notes, it is ironic that the Fed has given itself the power to prevent future bubbles via an escape clause. How ironic that the Fed with their bubble buying activity is talking about stopping future bubbles. The Fed was the major culprit of the first housing bubble not stopping in to halt banks from a clear mania and instead lowering the Fed Funds rate to add fuel to the flame
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